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Wow, wouldn’t this be a nice project, and am guessing done right eventually a good investment. If it was mine, I would essentially make it liveable at first. Repair what needed to be repaired, essentially keeping what was there, but if it needed replacing, doing so. A lot of cleaning would be involved and a good lick of paint at the end to make it fresh. Then down the track doing a complete renovation.

Update – Sold for $780k.

And now next door is up for auction – here. (It was sold in 2009 for $672k here)

I am guessing it will go for around $750k. Actually, I am now updating it to $800k, due to the sale price of this property. It is Paddington people!

For price guides I went looking and found the below. Yes they are 2013 and 2012 prices, but given the state of the property and the market we are in, I think that is what it would go for. Lets wait and see shall we.

1 Gipps St, Paddington – Sold for $760,000
20 Rose Terrace Paddington – Sold $720,000
195 Underwood Street Paddington – Sold for $767,000
2 Hargrave Lane Paddington – Sold for $790,000

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